US demand for canned food to grow 3% per year
US demand for canned food is forecast to grow 3.0% yearly through 2025, according to Canned Foods: United States, a report recently released by Freedonia Focus Reports.
Ongoing growth in disposable personal income will support spending on premium canned goods that offer quality and convenience.
However, the perception among many consumers that fresh food is healthier than canned food will continue to restrain household demand.
Demand in the foodservice market is expected to benefit from the return of consumer behaviour to normal and recovery in dining-out activity from pandemic lows.
Demand is projected to increase to $64.4 billion in 2021 following a year of exceptional sales caused by closures of restaurants and other public dining spaces, as well as stockpiling of shelf-stable foods in response to the COVID-19 pandemic.
Inflationary trends will also support nominal sale figures as canned food producers grapple with supply shortages and higher input costs in 2021, possibly stretching into 2022.
These and other key insights are featured in Canned Foods: United States. This report forecasts to 2021 and 2025 US canned food demand and shipments in nominal US dollars at the manufacturer level. Total demand and shipments are segmented by product in terms of:
- dressings and sauces
- fruits and vegetables
- dog and cat food
- meat, poultry, and seafood
- dairy products
- soups and stews
- other canned food such as canned baby food, beans, and peanut butter
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2010 to 2020.
More information about the report is available at:
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